Member Info for ActuaryBoi

Also, 54% of shareholding is with the major shareholders. So if they're all in agreement with one another, that's where the vote will go

I know the Roan numbers were underwhelming but with the higher grade material we should be fetching a higher sale price. Say we get close to lme copper prices, thats 20% more per tonne from copper. That being said I am only comfortable to sell our profitable pgm and chrome business once zambia can fend for its own and figures are showing how much more profitable it is than SA.

Majority of shareholders here seem to be against the sale which gives me comfort. That being said, the votes will be weighted to the big institutions that have major holdings. We can only hope for the same

I can't believe I was projecting this Bullsh*t share to reach 30-35p by 2028. We had good pgm volume with potential uptick in pgm basekt. Brilliant chrome production (but i am aware chrome margins are volatile due to chrome price volatility), and surely by then copper would be 15,000+ p.a.. And who knows what deal the waste project would entail. Super frustrated... i was planning on retiring early with my capital gains.... now im going to have to hussle again

I wonder what the hold vs sell % will look like. Might be a close 50/50.

I will hold onto PGMs and Chrome for the time being. Like Seis says, once meaningful results come out of Zambia, then by all means sell the PGM/chrome only if can lead to significant expansion of already profitable copper business

Rotterdam bouncing between $95 and $101 over the last month. If we break through this barrier, I think we can get good upward movement as Richards Bay takes about 2 to 3 weeks to catch up. Hoping North America, Europe and Asia have a cracking summer. Not only will this drive up coal demand but also natural gas, which could reduce the stock levels of nat gas and just before winter when stocking is required which could further fuel coal prices. Similar set up to 2021, although the coal uptick magnitude will not be as large

At this point PGMs and chrome are keeping the lights on covering expenses and generating some profit. While copper is being a b*tch.

It makes no sense to sell these until copper truly picks up and delivers. If we were in June 2026, and Jubilee was producing 14k copper tonnes per year as promised, i'd be happy for them to sell the PGM/chrome section but for at least $150m given that PGMs may recover further this year.

For now, I will be voting against the sale. Only once copper production goes according to plan, I'd be more comfortable selling this side of the business especially now that PGMs are going to be in global deficit.

All I can say is the news today really f****** up my day.

Can someone clarify the copper situation. With the tests on the upgraded ROM, we aim to produce up to 350 Cu tonnes per month at Roan (1.4% copper). Previously Roan was communicated to produce 700-800 tonnes per month, however with lower grade copper (i.e. 0.7%). So we may producing less volumes but double the quality, and so i assume the net impact is the same?

Https://sareloberholster.blogspot.com/

Read this article by Sarel last year and I visit it again and again with hope lol. From Sarel's prdictions, our chromes and PGM volumes have actually come true...oddly enough given Jubilee's setbacks. Although margins seem quite high in the article.

Copper not yet taken off, but i'm expecting at least 10,000-12,000 tonnes for the Calendar Year 2026 (not financial year).

Even if we get to the 20,000 tonnes of copper realm, i dont see such a high share value as Sarel states, but i'd expect 40-50% of his estimates so around the 0.35p-0.4p mark in about 3 to 4 years.

Currently the NAV is just over 6p giving a market cap of about £180m.

The 250 m tonnes of waste can be around around $170m (just based on $6.75m to $7m for every 10 m Tonnes) if they find a buyer. But could be worth more.

Based on the just above alone, 10-11p is not impossible. Add in good margins from chrome, potential comeback of PGMs and producing 14,000 p.a. from 2026 June onwards at higher margins, this baby is going to RUN.

Gentlemen. So if Zeus is saying this time next year, Jubilee will be producing 14,000 tonnes a year, surely there's some truth to it? Optimistic - yes, but even if we fall short we should be producing 10,000+ p.a.

Within 1 year, the waste project management should also show some light.

Big re-rate in 2026 in my opinion. Any takes?

What proved to be a very confusing RNS, I am not ashamed to say I am lost. Thanks Seis for a comprehensive copper output. Just based off the two, it seems 8000-10,000 tonnes may be on the cards for FY26. This obviously assumes things go according to plan... which obviously never happens lol.

I feel if we can breach 8,000 tonnes next year, I think we can see a SP close to 11p by June 2026 and if the modules come into place properly, by Dec 2026 I wont see an issue reaching 18-20p when production is higher.

Agreed 4everlong. I initially thought it was the sentiment around copper, but it's all PGM price surge related. Rhodium and Palladium are falling, and if platinum does too then we should start seeing downward pressure on all PGM companies (impala, sibanye, northam, anglo and jubilee). I am actually lowkey hoping we go down one more time before the BIG rise. Just so I can blast my last bit of funds in Jubilee lol.

Gentlemen! I think the worst is over. Platinum to go up over next few years, Chrome holding the flags high and once we get our 20,000 tonnes on copper with projected $11000-13000 per tonne over the next 2-3 years, I can see this puppy hitting a good 35-45 p. Here's to hope, and testing our patience over the last 3 years.

Agreed Happydays. It would be nice to target 8000, but during the fy2026 year, if they can update the target to say 10,000+ like done for chrome this year, (especially with the higher copper grade) then we'll be eating like kings during Christmas. I'm a bit late as I wanted to buy more last week but could only liquidate cashflows this morning. Pumping another 700-750k shares today and tomorrow before the RNS taking my holding to 2m+ shares. Then I will sit back and hopefully reap the rewards in 2-3 years.

Nice Sumo! I also bought another batch today to pass 1.3 million shares in holding. Waiting for bonuses this month so I can get blast a good few hundred thousand more lol. I truly believe, if the copper comes right, we should see solid upward momentum over the next 2 to 3 years!

@Bluebelly, I have good instincts and I think it will be a favourable RNS this coming week. Just got some hefty dividends from another stock I own and other savings and now ready to blast another 250,000 shares into Jubilee.

Thanks for the explanation Kalan!

We may have different targets, but we're definitely aligned on the SP direction and momentum. Looking to increase my holdings significantly over the next 2 to 3 months to get an average price around 4.5p before the next financial year starts.

I've been lurking on this page for the last 2.5 years. I started off when Jubilee was 11p and have increased my holdings to bring it down to a cool 6p. I have great faith in this company despite the many short comings! I will share my holdings throughout the year!

@Kalan, in the podcast (Sunday Roast) 2 weeks ago, Leon mentioned that we should expect Sable to ramp up to 9k to 10k tons for the next year. Anything Roan adds on top would be excellent. So would we not expect copper guidance to be around the 12k to 15k mark next financial year?

I am expecting (hoping) around the 10p to 12p SP mark by December this year!